Karachi: Arif Habib Limited has disclosed a significant transaction involving its Chief Executive Officer and Director, Muhammad Shahid Ali, who purchased shares in the company. According to a statement from the company, this transaction falls under the disclosure requirements of clause 5.6.4 of the Pakistan Stock Exchange (PSX) Regulations.

The transaction, executed on April 8, 2025, involved the purchase of 324,690 shares by Mr. Ali at a rate of 59.75 rupees per share. This acquisition increases his cumulative shareholding in Arif Habib Limited to 1,675,655 shares, representing a 2.56% stake in the company.

According to information available from the Pakistan Stock Exchange (PSX), the transaction was conducted in the 'CDC Ready' market category. The company has assured that this transaction will be reviewed in the upcoming board meeting, where any non-compliance issues, if present, will be duly highlighted for consideration under the stipulated PSX regulations.

The company also confirmed that the holding period for the transaction exceeds six months. Should it be determined that the holding period is less than six months, any profits will be deposited with the Securities and Exchange Commission of Pakistan (SECP) in accordance with Section 105 of the Securities Act, 2015, with due notification to the PSX.